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Regulating Ransomware: Legal and Insurance Risk Management Guidance and the Collateral Consequences of an Attack

Speaking engagements | August 10, 2021

Litigation special counsel Michael A. Kleinman will participate in the webinar, "Regulating Ransomware: Legal and Insurance Risk Management Guidance and the Collateral Consequences of an Attack," hosted by Celesq. This program will provide an overview of the US Department of Treasury’s Office of Foreign Assets Control (OFAC)’s Advisory on Potential Sanctions Risks for Facilitating Ransomware Payments, including (i) who the guidance applies to, (ii) what the guidance tells us (and what it does not), and (iii) the steps companies and other stakeholders should take in advance of a potential ransomware event to best position themselves for compliance with the OFAC’s cyber sanctions regulations and the advisory. It will also address changes in the cyber insurance market for ransomware coverage, including how best to proactively maximize coverage in the face of a seller’s market.

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